by Davie Mach | Nov 27, 2023 | Small Business Handbook
Understanding the meaning of Pty Ltd is crucial for entrepreneurs embarking on a business journey in Australia. It shows a way through the complicated and advantageous aspects of this company’s structure. Many entrepreneurs and small business owners need to...
by Davie Mach | Oct 24, 2023 | Small Business Handbook
With the recent economic downturn, many companies have found themselves facing financial difficulty, teetering on the brink of becoming insolvent. But if you’re a director of an Australian company, it’s your duty to ensure that all trading activity occurs while...
by Davie Mach | Dec 21, 2022 | Accounting, BAS, Tax Returns & Financial Statements, Small Business Handbook
As any business owner knows, change is a constant part of running a successful operation. What works well at one stage of a business’s development may no longer be the best option as the company grows and evolves. This is especially true when it comes to business...
by Davie Mach | Nov 30, 2022 | Accounting, Accounting, BAS, Tax Returns & Financial Statements, Contractor Handbook, Small Business Handbook, Tax Planning, Tax Planning
Medical professionals constantly juggle their day-to-day practice with the business side of things. But let’s face it, as a doctor, you’ve got your hands full with patient care, so management and financial planning tends to take a backseat. While a...
by Davie Mach | Oct 27, 2022 | Business Structure, Small Business Handbook
When starting a business in Australia, you will need to choose an appropriate business structure. This decision will affect how your business is taxed, your liability level, and the legal obligations you need to meet for compliance purposes. The most common business...
by Davie Mach | Sep 13, 2022 | BAS, Tax Returns & Financial Statements, Small Business Handbook
At the start of September 2022, the Reserve Bank of Australia (RBA) raised interest rates once again, pushing it to 2.35%. This marks the fifth consecutive increase since May 2022, making it the most rapid cash rate growth that Australians have seen since 1994. While...